Prostarm allots 28.99 lakh convertible warrants to 21 non-promoters at Rs 147

Fund Raising View source PDF Explain this filing

PROSTARM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.1%Reaction day

₹133.00

prior close

₹132.44

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+0.5% vs market

Other Electrical Equipment peers, median of 51sector-1.8%+0.6% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.6 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.6

10m

-0.1

15m

-0.7

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1-1.6+0.5-1.8+0.6

Next day

+0.4-1.0+1.3-1.9+2.3

-4.4-2.6-1.8-3.8-0.5

-9.4-5.1-4.2-5.9-3.4

-6.2-6.1-0.0-8.0+1.8

-11.2-8.3-2.9-9.4-1.8

-9.8pendingpending-7.5-2.3

15d

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 51Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Prostarm Info Systems has allotted 28,98,717 convertible warrants to 21 non-promoter investors on a preferential basis at Rs 147 per warrant, totalling Rs 42.61 crore. The company received 25% upfront (Rs 10.65 crore). Each warrant converts into one equity share of Rs 10 face value with Rs 137 premium, balance 75% due within 18 months. Warrants carry SEBI lock-in. Unconverted warrants lapse and upfront money is forfeited.

Likely market impact

Possible equity dilution if warrants convert within 18 months. Rs 10.65 crore already received as upfront subscription.